Description: This abstract describes a paper that considers various specifications of the general discrete time risk model in which a serial dependence structure is introduced between the claims for each period.

Description: This article describes techniques and models used to forecast mortality improvement and the considerations that underlie long-term mortality improvement projections in the United States.

Description: This abstract describes a paper that studies operational characteristics of a group pension scheme with fixed annual contributions and variable benefit accruals. From Actuarial Research Clearing House, July 2010.

Description: Abstract of a presentation from Actuarial Research Clearing House 2012

Description: This abstract describes a presentation that compares the fee obtained to the one deducted throughout the contract.

Description: Obsolescence of physical assets and processes is a major component of operational risk for some companies. A simulation experiment shows that managers, who consider the retirement and replacement of individual assets in isolation, have rational incentives, due to risk aversion and uncertainty, to defer the replacement of assets past a time that is optimal from the perspective of the shareholder who owns the entire portfolio of such assets. This results in measurable wealth destruction, —and a demonstrable opportunity to significantly enhance a company’s value. A practical decision model for the replacement timing of fixed, physical assets, which creates wealth by minimizing the long-term consumption of scarce resources, is provided.

Description: In the recent years, Enterprise Risk Management (ERM) has emerged as a new Risk management technique aimed to manage the portfolio of risks that faces an organization in a integrated, enterprise-wide manner. Unlike traditional risk management, where individual risk categories are managed from a silo-based perspective, ERM involves an holistic view of risks allowing to take into account correlations across all risk classes. The academic literature on ERM is focused on two main aspects: the analysis of the factors that influence ERM adoption and the effect of ERM adoption on the firm performance. No studies have been conducted yet to propose robust and rigorous models to evaluate the quality, or maturity, of ERM programs implemented by organizations. The aim of the research described in this paper is to fill this gap in the literature.

Description: The abstract for paper Actuarial Consideration in Establishing Gradual Retirement Pension Plans.

Description: The abstract for the paper A Two-Dimensional Risk Measure.